Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Materials available for use TUL,Vuo Less: Ending raw materials inventory (30,000) 72,000 Data Table Direct materials used Calculate the cost of goods manufactured. Crystal Bay Company Calculation of Cost of Goods Manufactured 43000 Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Beginning End End of Year of Year of Year Raw materials inventory ........$ 29,000 $ 30,000 Insurance on plant. ..................$ 10,000 Work in process inventory ...... $ 43,000 $ 35,000 Depreciation-plant building Finished goods inventory .......$ 21,000 $ 24,000 and equipment .................$ 12,600 Purchases of direct materials .. $ 73,000 Repairs and maintenance-plant......... $ 4,000 Direct labor $ 85,000 Marketing expenses .................. $ 75,000 Indirect labor .... $ 41,000 General and administrative expenses ... $ 26,500 85000 Manufacturing overhead 67600 I N UL . . . . . . . . . . . . . . . . . Total manufacturing costs to account for Less: Ending work in process inventory (35000) Print Print Done Done Cost of goods manufactured (CGM)